Recent from FinTech
According to its press release, OneSource Virtual has joined up with Mastercard to launch its two latest services: Invoice Pay and myFlexPay.
Banking Circle, a leading global payments provider, now processes 6% of European B2C e-commerce transactions.
On April 1, 2021, Mastercard announced new offerings for cardholders resulting from establishing partnerships with several companies.
Golden Pacific will be renamed to SoFi Bank, N.A., with Paul Mayer, who will take the role of president of the bank. The transition is scheduled for 2021, pending approval by the Federal Reserve and OCC.
Recent from Investments
Over the weekend beginning June 5, China blocked a number of cryptocurrency-related accounts on Sina Weibo, a social media platform similar to Twitter.
Two of China’s biggest online stock brokerages, Beijing-based Tiger Brokers and Shenzhen-based Futu, have decided to join the tide of online stock brokerages.
CFA Institute survey relayed charterholder concerns about the quick recovery of their respective markets and expectations of market corrections within 12 to 36 months.
Betterment, a financial advisory company, recently launched a new command center tool, aptly named Co-Pilot.
Recent from Banking
In a press release published on June 1, Old National and First Midwest announced that they have signed a $6.5 billion all-stock merger agreement.
The British bank HSBC will close most of its branches in the US after 40 years of service.
The renewed agreement aims to provide a better experience for the cardholders with a refreshed and expanded reward assortment.
Thanks to record savings and the COVID-19 Economic Relief plan, many card users were able to keep their credit card debt low and obtain funds from alternative sources.
Recent from Economy
Equifax, a multinational credit reporting firm, has added Roni Millard to its upper management roster.
The records show an unfortunate milestone, with an increase of more than 300,000 complaints, compared to 2019.
Three insurance companies are dropping more than 50,000 home insurance policies just as the hurricane season approaches.
The Paycheck Protection Program was launched in March 2020 to help small businesses struggling due to the COVID-19 pandemic.